List of Canadian Life Insurance Companies

Below is a list of Canadian Life Insurance companies. If you click on the links, a new page with detailed contact information opens.

Please email us with any comments or questions! You can also leave us a comment below. Thanks!

Canadian Life Insurance Companies

List of Canadian Insurers above with Description

UL Mutual Company
Lorne looked at the policies of one of the last of Canada’s mutual insurance companies and prepared a detailed analyses.
Equitable Life Insurance Company of Canada
Corporate info and comparative product analysis of Independent Equitable Life Insurance Company of Canada portfolio.
Great-West Life Assurance Company
Detailed contact and financial information about Great West Life Assurance, including comparative reviews of all their life insurance policies.
Industrial Alliance Life Insurance
Industrial Alliance Insurance and Financial Services offers a broad range of insurance products. We had a detailed look at them.
Industrial Alliance Pacific Life
LSM brokers analyzed insurance products portfolio of Industrial Alliance Life Pacific (ex North West Life).
Manulife Financial | Manulife Life Insurance
Manulife Financial is a leader in Canadian financial services. Here's a critical look at their life insurance policy line up.
RBC Life Insurance
Detailed independent product analysis of RBC Insurance portfolio by LSM Insursance members.
Reliable Life Insurance Company
Reliable Life Insurance, part of the Old Republic Insurance Group. Do its insurance products fit its name?
Primerica Life Insurance
Controversial products offered by Primerica Canada include life insurance, debt consolidation loans and mutual fund investments.
Desjardins Insurance
Desjardins Financial Security is ranked the 1st life and health insurer in Quebec. How good are its products?
Hunter McCorquodale Inc.
Hunter McCorquodale's develop, distribute and underwrite special risk life, accident and health products to provide solutions for client needs.
ACA Assurance (L'Union-Vie Compagnie Mutuelle/ Union Life Mutual)
ACA Assurance, also known as the Association Canado-Américaine, is the only Franco-American fraternal benefit society of its kind. How are its products?
Canada Life Insurance Company of Canada
Canada Life is the leading provider of Credit Insurances. We have analyzed their product line up in detail.
SSQ Life Insurance Company Inc. (Formerly AXA Life Insurance Inc.)
AXA Financial Protection enjoys an excellent reputation in the world. How do they stand against competition in Canada?
Medavie Blue Cross
Is it true that Medavie Blue Cross offers affordable and quality products? We know everything about this insurer!
Bingham Group Services Corp. (BGS)
Bingham Group Services Corp is Canada’s leading TPA and MGA in the business of creating, marketing and administering group creditor insurance products.
Co-operators Life Insurance Company
Contact information, corporate updates and independent portfolio reviews for The Co-operators, leading multi-product insurance company.
National Life Insurance Company
National Life is one of the innovators of life insurance in America, having introduced some improvements that are now regular features of policies.
Assumption Life
Assumption Life is one of Atlantic Canada’s major insurers. We have contact info, corporate news, and independent product reviews.
London Life Insurance Company
Contact, product reviews and corporate news. London Life Insurance Company is an Ontario-based insurer controlled by Great-West Life Assurance Company.
Standard Life Assurance Company
Standard Life offers the patented “Total Customer Satisfaction Guarantee”. How do their products stand against competition?
Canadian Tire Life Insurance
Canadian Tire Financial Services (CTFS) is part of Canadian Tire Corporation. We have detailed contacts, product reviews and corporate news.
ScotiaLife Financial
Closer look on their health, home, auto, travel, and creditor insurance policies of ScotiaLife Financial.
Canada Protection Plan
Canada Protection plan offers a wide variety of Non Medical Life Insurance plans. A critical review of CPP policies.
La Capitale Life Insurance
La Capitale is a 70 year old province of Quebec based life insurer. We know everything about their products and operations.
Faith Life Financial
Corporate news and product reviews. Faith Life is christian-based organization providing life insurance.
IA Excellence
Complete information about products of IA Excellence, which has deep roots in Quebec’s life and health insurance industry.
Empire Life Insurance Company
Empire Life is one of the top 10 life insurance companies in Canada. How do their policies stack up against the competition?
Wawanesa Life Insurance Company
Critical review of Wawanesa Life policies - individual life insurance and annuity products, and group insurance products.
Foresters Life Insurance Company (Formerly Unity Life of Canada)
Unity Life Canada markets term, permanent and living benefits insurance. We prepared criticall analysis of its products.
Union of Canada Life Insurance
Union of Canada Life Insurance contact details, independent product reviews, and corporate news by LSM Insurance.
Transamerica Life Canada
Transamerica is one the leading insurers in Canada. We compared their products with competition.
BMO Life Assurance Company (formerly AIG Life Insurance)
How do BMO life insurance policies stack up against the competition? A critical look at BMO life insurance offerings.
Sun Life Assurance Company of Canada
Detailed contact information, independent product analysis and corporate news prepared by Lorne Marr.

Posted by Chantal Marr.

Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.

74 Comments

harold john armstrong 07/25/2008 at 5:56 pm

looking up old policy1988 1989
harold john armstrong 07/25/2008 at 5:59 pm

require update on old policy LF219679
LSM Insurance 07/25/2008 at 7:06 pm

Hi Harold,

Thanks for the note. You would have to contact the insurance or your broker directly for your policy details. Regards … Lorne
Prodyut Das 03/12/2009 at 10:43 am

Hi,

I was just wondering if someone could help me find
a ranking of Insurance companies from a Universal Life insurance point of view and a ranking in general from a company historical performance point of view.

Appreciate it much.
Thanks.
LSM Insurance 03/12/2009 at 2:50 pm

Hi Prodyut,

Yes we can help out with that.

I will send you a seperate email shortly. Best Regards … Lorne
Rosemarie O'Brien 04/23/2009 at 5:31 pm

Could someone help me identify the Insurance Company that used to be known as Superior Life? I can’t find them now and I urgently need to get in touch with them.

Anyone’s help would be greatly appreciated!

Thanks.

Rosemarie
LSM Insurance 04/23/2009 at 5:44 pm

Hi Rosemarie,

I have never heard of Superior Life but you can try contacting link to fsco.gov.on.ca
for more details.

Regards … Lorne
wendy 05/27/2009 at 6:34 am

my late father(d.o.d dec.2007) had a life insurance with the city of toronto where he was a senior placement officer for 30yrs.till retirement, then was called back to sit on board of commissions, i called their human resources and spoke to someone who said he had cancelled said policy/group plan, i asked for this in writing but no response-1 yr now. i do not believe this to be true, my father clearly stated i was the beneficirary to the 1 million dollar policy.his much younger wife who acted as his p.o.a and now says she is executer has acted neglegently and says none of his children in will and refuses to show will. my father James Vincent Calce was of great wealth, stocks, precious metals,race horses,realastate etc. How do i confirm the above info pertaining to any insurance policy dad had.thanking you in advanced for any assitance you can offer.wendy calce
LSM Insurance 05/27/2009 at 8:46 am

Hi Wendy,

Thanks for the note.

I would check for past pay slips to see if any group life deductions were being made.

You can also visit the attached link link to lsminsurance.ca

Regards … Lorne
Bill 10/24/2009 at 7:35 am

As a financial consultant, this site is useful in helping clients seek a life insurance source on their own. Could you also please list the life insurance companies by type of company, size, and what their percent mix of financial activities are? For example, Manulife and Sun Life are best known for their life products whereas the banks are banks with life on the side. Size matters to some. Their diversity of investing also matters. Thank you for the service.
LSM Insurance 10/24/2009 at 10:13 am

Hi Bill,

Thanks for sharing your thoughts. I agree diversity of holding is an important variable. We will consider your comments as we continue adding more relevant content to the site.
bill carnegie 02/17/2010 at 1:13 pm

I had a policy with North American Life Assurance Company Started in approx 1968 when i was young. I paid premiums of $ 21.19 for approx 5 years ..then just abandoned the policy.. going thru old receipts and cancelled cheques today i located some..i looked for the company..no luck.The company may have been taken over or sold or absorbed by another..i would like to by what company…tnanks
LSM Insurance 02/17/2010 at 1:38 pm

Thanks for the note Bill. I am pretty sure North American Life was taken over by Manulife. Their CSC # is 1.888.626.8543. Regards … Lorne
Mrs. Syvia Lawson 03/06/2010 at 6:07 pm

I am retired and on a fixed income. I would like to know how I can cancel my BMO formerly AIG insurance policy. I don’t know how to get in touch with a broker because my insurance is automatically withdrawn from my Scotiabank account.
LSM Insurance 03/07/2010 at 10:32 am

Hi Syvia,

Thanks for the note. BMO’s CSC is 1.800.387.9855.

Regards … Lorne
James 03/23/2010 at 7:51 pm

Hi
I am shopping for a new mortgage. We now have mortgage and Insurance with Td Bank . My wife has had Breast cancer 2 years ago and as far as we know all is clear. Can you recommend an insuance company which would cover her under a term policy?
Thanks
LSM Insurance 03/24/2010 at 7:52 am

Hi James,

Assumption Life has a plan called Golden Protection which should be a good fit for your wife (it is a Permanent rather than a Term plan) I’ll email you more details. Regards … Lorne
nikki 04/14/2010 at 5:52 pm

Hi,

I am shopping for life insurance. What do you think of a 30 year term life with State farm. I am 34 years, never smoked.
Thanks
LSM Insurance 04/14/2010 at 7:37 pm

Hi Nikki,

Thanks for the note – State Farm only sells 30 year term plan through their own agent network. We are happy to assist with comparison quote.

Regards,
cynthia 05/31/2010 at 8:58 am

Does anyone know what happened to national Life Insurance company?
LSM Insurance 05/31/2010 at 10:53 am

Thanks Cynthia – I believe National Life’s policies are now administered by Industrial Alliance. Rrgards … Lorne
clara 06/19/2010 at 1:30 pm

hi, can u help me to find a life insurance that fits for my mom? she’s 60 years old…
LSM Insurance 06/20/2010 at 4:31 pm

Hi Clara,

Thanks for the note – we are happy to help. You can contact us at 1.866.899.4849 or info@lsminsurance.ca
Steph 02/02/2011 at 10:01 pm

Hey there, I’m looking for insurance for my mother. Could you help with this?
LSM Insurance 02/03/2011 at 9:36 am

Thanks Steph – we are happy to help. The rates would depend on your mothers age, health, smoking status, type and amount of coverage. We’ll send you an email now.
Alex 02/05/2011 at 4:55 pm

Could someone find a ranking of life insurance in general from a company historical performance point of view? Thanks!
LSM Insurance 02/06/2011 at 10:40 am

Thanks Alex. Depending on the type of data you are looking for you could check with LIMRA link to limra.com
Ajay 03/04/2011 at 10:06 am

Can anyone please help me choose a life insurance Should I go with the Canadian Banks or the broker insurance.. EX: If I take an insurance for life and I pay the insurance company for 30 years. What happens if the small insurance brokers get bankrupt… Please help
LSM Insurance 03/04/2011 at 11:20 pm

Thanks for the note. Your insurance policy is contract between you and the Insurance company. If the insurance broker or agency went bankrupt this would not impact your policy.

Keep in mind RBC Insurance and BMO Insurance both use independent products to help distribute their products.
Divine 05/13/2011 at 9:14 pm

Hi. I have a term 25 policy with Primerica. But Industrial Alliance Pacific’s offer for term 20 is much cheaper with higher face amount. Any thoughts? Which is the better company in terms of performance, stability etc? Thanks in advance!
LSM Insurance 05/14/2011 at 8:38 am

Thanks for the note Divine.

Both companies are members of Assuris which cover the greater of $200,000 or 85% of the policy face amount in case of insolvency.

Industrial Alliance Term plans are also convertible to a Permanent plan without a medical.
Jordan 05/24/2011 at 9:37 pm

250,000 term life insurance, born 1985, non-smoker. Type 1 diabetic for 1 year now. Controlled very well with insulin. Please help me a find a plan.

Sun Life quoted me at $61.88 per month. Is this the best I can do?
LSM Insurance 05/25/2011 at 2:27 pm

Thanks for the note. We have both Simplified Life Insurance and Traditional Life Insurance policies and we will be in touch by email soon to discuss which may be a better option.
Josh 07/29/2011 at 3:59 am

Hi, So I have been recently approached by my family to get this life insurance by the Knights of Columbus. It’s a catholic organization and they believe that they have one of the best insurances around. I was wondering if this is true or not. I am a 20 year old male, in good health with no medical problems.
LSM Insurance 07/29/2011 at 8:41 am

Thanks for the note Josh. Knights of Columbus is not on Compulife or Lifeguide – two of the tools we use to compare insurance plans and carriers.

It may be worthwhile to get a comparison quote – premiums can vary widely among carriers – especially on Permanent plans.
Natasha 12/25/2011 at 12:15 am

Hi, I’m a new soon to be homeowner and I’m shopping around for mortgage life insurance. I’ve already been told getting a mortgage insurance through the bank is more expensive and limits you. So, for this reason I’m looking for mortgage life insurance through a company. Can anyone list the top reputable companies that I should be looking at. I’m a 32 year old female with no health issues (I’m a non-smoker). I did have a PDA (patent ductus arteriosus) as a baby, but it was repaired. No issues!
LSM Insurance 12/25/2011 at 10:43 am

Hi Natasha,

Thanks for the note. You would first want to verify the company is a member of Assuris – they guarantee the greater of 85% of the policy face amount or $200,000 in case of insolvency.

The best rate will depend on the insured’s age his/her health, smoking status and type of plan.

We will send you a separate email now. Regards,

Denise 02/16/2012 at 12:11 pm

I am looking for life insurance to cover my entire family…myself, husband and two young children. Money is always an issue as many people know! What company in Ontario offers the best bang for our buck? Everyone is healthy and no smokers. Thanks for your help! I am 32 and my husband and children are 34, 5 and 2 years old..
LSM Insurance 02/16/2012 at 4:23 pm

Hi Denise,

Thanks for the note. The best plan and best premium really depends on the amount of coverage and type of plan.

Insurance Companies have different banding levels on their pricing for different products. We will send you a spearate email now.
ken 05/03/2012 at 12:51 pm

Very interesting and helpful!

I think staying with the larger, older life ins. companies is the safest way to go.
Colin 06/16/2012 at 12:28 pm

Hi I’m looking for a insurance company to cover my family myself, wife and 3 kids I live in Alberta what is the best price? Everyone healthy no smokers I’m 38, wife 34, girls 10, 3 son 6months old
LSM Insurance 06/16/2012 at 2:07 pm

Thanks for the note – we are happy to help. The rates will depend on the type of plan and the amount of coverage. We will send you a separate email now.
mj 09/24/2012 at 3:08 am

hi,i really dont know which insurance company should i choose bcoz both of them talk nicely about their company..couldu help me which insurance company has a nice feedback between industrial alliance and sunlife
LSM Insurance 09/24/2012 at 12:47 pm

Both companies are large reputable companies.

Which company is better really depends on the amount of coverage and type of plan your after. You can reach us at info@lsminsurance.ca or 1.866.899.4849 and we are happy to assist further.
gabriel 10/04/2012 at 10:46 pm

hi, so many companies! i am looking for life insurance for myself and husband for our children’s sake. we have 2 toddlers. please advise of a good one. thanks!
LSM Insurance 10/05/2012 at 1:12 pm

Thanks Gabriel. The best plan really depends on your needs and your budget. If you are looking to cover a Temporary need like a business loan a Term plan is likely a better fit. If it’s a Estate planning need Permanent insurance would better. We will send you a separate email now.
Caroline 01/02/2013 at 4:10 pm

I am looking for life insurance (possibly whole life insurance as I have heard good about this). With a home, family and so on I want to be smart about costs if anything happens. Currently single legal status and healthy but always good to plan for the future I think. What company in Ontario offers the best coverage? Thank you in advance.
syed 01/03/2013 at 5:54 pm

Hi Caroline,

Thanks for the note. Whole life policies available from different carriers will have similar and varying features. The best option for you is based on your needs and preferences. For example, cash surrender values vary from carrier to carrier which may or may not be important to you. I will send you an email with some more information and hopefully we can assist you further.

Thanks
Sandra 02/17/2013 at 2:37 pm

This is a shot in the dark but I am hoping someone can point me in the right direction. My father passed away last spring. In his will the children are to inherit all insurances. The executor of the will, his wife is not very forthcoming and says that she cannot find any papers about any insurances. Is there anyone I can contact to inquire about his potential life insurances or do I have to contact every single life insurance companies established in Canada. PS; my father lived in the province of Quebec. Thanks you
LSM Insurance 02/17/2013 at 6:51 pm

Thanks for the note. This article may be helpful link to cbc.ca
B Guyle 02/19/2013 at 1:34 am

Mental health care costs are skyrocketing. This is due both to the high costs of prescription drugs many people are prescribed for long terms, if not for life, and to short term, long term and permanent disability payouts. These are considerable costs to all insurance companies.

I have developed a compassionate and powerful system that is proven to help people get their lives back together without prescription drugs (or minimal) while getting them back into productive employment. I am looking for insurance companies that would be interested in reducing payout costs for disability and medication costs to liaison with me on my program.

Thank you
LSM Insurance 02/19/2013 at 9:19 am

Thanks for the note. You would have the contact the insurance carriers directly to see if they would have interest in your product.
attinko 04/10/2013 at 1:01 pm

37 year old male with Hep B condition since 2yrs but undercontrol and no medication looking to have a term life ins that will cover life or life ins for limited amount. Have mortgage and of course would like to safe on ins as money is tight.
Thanks
LSM Insurance 04/10/2013 at 5:58 pm

Thanks for the note. We will be in touch by email to see which plan is the best fit.
Rick 04/14/2013 at 6:51 am

We are 4 in our family. My wife and I have Life insurance (I believe its term) and kids have ins. to cover funeral all through LL. I have a house and an additional investment property with another investment property to come in the next month. Mortgage ins is through RBC. Very expensive. Will call LL next week to discuss but should I be considering a different insurance carrier? Should I convert to a permanent?
LSM Insurance 04/14/2013 at 10:02 am

Thanks for the note. It’s hard to say which company or plan is best without looking at your individual situation. The premiums vary among carriers, the cost will be influenced by you age, smoking status, Health and coverage amount.

We will send you a separate email now.
Rea G 04/23/2013 at 2:12 pm

Do you have BMO phone number. I want to change my beneficiary. Thanks
LSM Insurance 04/23/2013 at 2:15 pm

BMO Insurance’s Customer Service Centre number is 1.800.387.9855.
Donna 04/23/2013 at 9:01 pm

Hi…I am 56, shopping for life insurance…very confusing…Would appreciate any help, advice etc!

Thanks
Donna
LSM Insurance 04/24/2013 at 12:03 pm

Hi Donna,

Thanks for the note we are happy to help out and clarify things. The premiums will based in part on the following:

The amount of coverage
The type of plan (Term or Permanent – Term starts off lower and increases as you get older. Permanent starts off higher but generally offers a level rate
Your Date of Birth and Smoking Status. Please note most insurance companies use age nearest pricing so we would need the month and year of birth to do an accurate quote
Any major health issues we offer both traditional life insurance and No Medical Life Insurance plans.

We will send you an email now?
Fraser 04/29/2013 at 6:52 pm

I’m a male 45 years old have been a non smoker for the past 5 years but smoked for 20 years prior. My policy needs renewing, would I now be considered a non-smoker and would that be reflected in my premium?
John 04/29/2013 at 6:54 pm

How much non-medical term life insurance is it possible for me to buy in Canada?
LSM Insurance 04/29/2013 at 7:38 pm

Fraser, you would have to supply medical evidence to get an improvement in classification. Most insurance companies require you to be tobacco free for 12 months.
LSM Insurance 04/29/2013 at 7:39 pm

John, that depends on whether you can “no” to some of the questions on the Simplified Issue no medical plans. The more questions you can answer “no to the higher the coverage. We will send you a separate email now.
Derek 04/30/2013 at 9:05 pm

I was curious if my premiums would be higher as a firefighter compared to the average low risk occupation?
LSM Insurance 05/01/2013 at 11:40 am

Thanks for the note Derek. All things being equal firefighters do not pay a higher rate than other occupations.

We will be in touch by email.
Thomas 05/03/2013 at 8:40 am

What happened to Union of Canad?
LSM Insurance 05/03/2013 at 11:01 am

The Ontario Superior Court of Justice ordered the winding-up of Union of Canada Life, finding that the company had insufficient capital to ensure long-term viability. The court has named Grant Thornton Limited as liquidator. You can find out more details link to theglobeandmail.com
and link to lsminsurance.ca
Tic 05/13/2013 at 8:11 pm

Hi… I am inquiring about the differences between the different insurance companies? For example, if I want a 200K UL. I am a 32yo female nonsmoker. What is the difference between the different options?
LSM Insurance 05/14/2013 at 8:18 am

The differences can be significant, especially if you are looking for a level cost Universal Life plan. Many companies have exited this market.
Ron C 05/17/2013 at 5:55 am

I am looking for a list of the companies that still offer Term 100 in Canada. I want a simple plan with out all the bells and whistles just guaranteed premium, no cash etc.
LSM Insurance 05/17/2013 at 6:19 am

Hi Ron, The number of Term 100 providers is shrinking. But Manulife, BMO, SSQ and Industrial Alliance still offer Term 100 plans. As do smaller carriers like La Capitale and Western Life.

The premiums depend on your age, smoking status and the amount of coverage. We will send a separate email now.
lorraine Javet 05/21/2013 at 4:44 pm

Hello,

The Mutual Life Assurance Company of Canada is now which insurance company?

thank you
LSM Insurance 05/21/2013 at 4:58 pm

Thanks for the note. Mutual Life became Clarica which was purchased by Sun Life.

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List of Canadian Life Insurance Companies

Canadian Life Insurance Companies

List of Canadian Insurers above with Description

74 Comments

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